11/03/2013
FCA Bans and Fines Adviser £10,000 Over Ucis Advice
Decision notice has been referred to the Upper Tribunal to determine the appropriate action for watchdog to take.
Legal, Regulation & Compliance
11/03/2013
Cayman Islands: Madoff Directors "Vindicated" By English High Court
It also confirms English cases on directors' duties will continue to be persuasive in the Cayman Islands
11/03/2013
Fund groups to avoid fines over 'cash for access'
Fund groups found to have used commissions to pay for access to corporate executives will not face financial penalties
11/03/2013
Ogier promoted to a top tier firm by a third legal directory
Chambers UK IFLR and The Legal 500 all undertake thorough research and analysis of local law firms and seek extensive client feedback to determine their results.
11/03/2013
Legacy SJ Berwin property star quits for Global law firm
He specialises in commercial real estate with particular emphasis on UK and European property funds, property finance, hotel transactions and development.
11/02/2013
U.K. Business Lawsuits Rise as Lehman-Claims Expiry Date Looms
U.K. business lawsuits increased 23 percent in the last year as lawyers try to beat a 2014 deadline to bring claims related to the financial crisis.
10/30/2013
Citi, JPM Put Traders On Leave Amid Probe: Report
Amid a probe over possible manipulation of the foreign-exchange markets, both Citigroup Inc. and J.P. Morgan Chase & Co. have placed their top London-based currency dealers on leave
10/30/2013
FCA Finds Weak Corruption Defences at Platforms and Fund Managers
Some asset management and platform firms are displaying "common weaknesses" in their defences against money laundering, bribery and corruption, the Financial Conduct Authority has said.
10/30/2013
RBS traders suspended in forex probe
Regulators in the UK, US and Switzerland are looking into whether banks colluded to set exchange rates.
10/30/2013
Bank Of France's Noyer Seeks Revision Of EU FTT
Bank of France Governor Christian Noyer has warned that the planned eurozone financial transactions tax must be completely revised
10/29/2013
FCA to Overhaul Fund Charges After Finding ‘Inherent Flaws’
The Financial Conduct Authority plans to tighten up how asset managers pass on the costs of running funds to the underlying investor
10/29/2013
Barclays Faces Investigation Into Currency Trading Manipulation
Barclays has become the latest bank to admit it is facing an investigation into whether its staff were involved in attempts to manipulate global foreign exchange markets.
10/29/2013
Regulator threatens "revolutionary" approach to achieve asset management transparency
Wheatley will say that "this is a critical period for the industry" and that the FCA will now ask challenging questions.
10/29/2013
Fair, transparent and competitive: the FCA’s vision for the asset management sector
Speech by Clive Adamson, FCA Director of Supervision, at the FCA Asset Management Conference, London.
10/29/2013
Shaping the future in asset management by Martin Wheatley, Chief Executive of the FCA
It is a pleasure to welcome you all here today to talk to you about UK asset management – about the leading international role of our sector.
10/28/2013
Swiss Exchange Probes Liechtenstein Bank’s Director Deals
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
10/28/2013
FSCS confirms new interim levy for investment advisers as claims soar
The Financial Services Compensation Scheme has confirmed that it will raise an interim levy on investment intermediaries before June 2014
10/28/2013
FCA Fines Rabobank £105m Over Libor Manipulation
The FCA has fined Dutch financial services firm Rabobank £105m for “serious, prolonged and widespread misconduct” relating to Libor manipulation.
10/27/2013
Former Bakers London managing partner wins executive committee role
The firm also shook up its eight-member London management committee earlier this year
10/27/2013
Fund managers face £3bn hit if sell-side research is banned
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive